TW Biz News｜WK 08/04 - 08/10
- TCSCRE
- 8月11日
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Every week, we'll select Taiwan's five business news from the previous week for your review.
〔Focus Taiwan〕Fitch affirms Taiwan's 'AA' rating; outlook stable
Taipei, Aug. 6 (CNA) Fitch Ratings maintained Taiwan's long-term sovereign credit rating at "AA" in its latest report on Tuesday, a rating that has remained unchanged since 2021 and reflects Taiwan's sound fiscal discipline, the Ministry of Finance (MOF) said Wednesday. In its report, Fitch highlighted several key factors supporting the rating, including Taiwan's significant net external creditor position, strong fiscal governance, and competitive business environment, the MOF said.
Osaka, Aug. 9 (CNA) The sixth Taiwan Plus culture market officially opened for business in Osaka, Japan, on Saturday for the first time since its inception. Organized by the Taiwan General Association of Chinese Culture (GACC), the latest edition of the cultural exchange market is an experience that will take place between two weekends from Aug. 9-10 and Aug. 16-17. According to the GACC, it chose to hold the market in Osaka this year rather than in Tokyo as it had been in the first few years to partner up with the Ministry of Culture's "We TAIWAN" cultural program from Aug. 2 to 20.
TAIPEI (Taiwan News) — Creative Expo Taiwan is being held from Aug. 2–11 at Taipei’s Songshan Cultural and Creative Park and Nangang Exhibition Center. With the theme “Water Scapes,” the expo’s cultural curation section offers an immersive, multi-sensory experience exploring Taiwan's unique water culture through a variety of exhibits, curated goods, and interactive events.
〔Taiwan News〕Coupang's Taiwan revenue increases 54% in Q2
TAIPEI (Taiwan News) — Coupang CEO Kim Bom said Wednesday the company’s Taiwan revenue rose 54% in the second quarter compared to the previous quarter, and more than doubled from the same period last year. Kim credited the growth to a sharp increase in brand partnerships, which boosted spending among members, per CNA. Since launching its “Rocket Delivery Service” in Taiwan in 2022, Coupang has seen rapid gains in both membership and revenue.
〔CommonWealth Magazine〕Why Trump’s 100% Chip Tariff May Be a Boon for TSMC
In a move that jolted global markets and raised eyebrows across the tech sector, U.S. President Donald Trump has proposed a sweeping 100% tariff on all imported semiconductors. On the surface, such a measure appears to target Taiwan’s most prized industry. But in practice, it may turn out to be favorable—particularly for companies like TSMC that are already investing heavily in U.S. production.